Kruk S.A. — Major Shareholding Notification 2022

Jun 17, 2022

Current Report No. 50/2022

Date: June 17th 2022

Subject: Information on transactions in KRUK S.A. shares

Legal basis: Art. 70.1 of the Public Offering Act - acquisition ordisposal of major holdings of shares

Text of the report:

Acting pursuant to Art. 70.1 of the Act on Public Offering, ConditionsGoverning the Introduction of Financial Instruments to OrganisedTrading, and Public Companies of July 29th 2005, the Management Board ofKRUK S.A. (the "Company") announces that on June 17th 2022 it received anotification from Powszechne Towarzystwo Emerytalne Allianz Polska S.A.,ul. Rodziny Hiszpańskich 1, 02-685 Warsaw, of decreasing their aggregateholding of Company shares, reading as follows:

"Pursuant to Art. 69.1.2 and Art. 69.2 of the Act on Public Offering,Conditions Governing the Introduction of Financial Instruments toOrganised Trading, and Public Companies, Powszechne TowarzystwoEmerytalne Allianz Polska S.A., the management company which managesopen-end pension fund Allianz Polska Otwarty Fundusz Emerytalny ("OFE")and voluntary pension fund Allianz Polska Dobrowolny Fundusz Emerytalny("DFE") announces that following a transaction in KRUK S.A. sharesexecuted on June 8th 2022 the percentage of the share capital and totalvoting rights held in KRUK S.A., registered in OFE's account and jointlyin OFE's sand DFE's accounts, decreased below 5%.

Prior to the transaction, 959,056 shares, representing 5.01 % of KRUKS.A.'s share capital and conferring the right to 959,056 voting rightsrepresenting 5.01 % of total voting rights at KRUK S.A.'s GeneralMeeting, were registered in OFE's account.

Also, prior to the transaction, 961,183 shares, representing 5.03 % ofKRUK S.A.'s share capital and conferring the right to 961,183 votingrights representing 5.03 % of total voting rights at KRUK S.A.'s GeneralMeeting, were registered jointly in OFE's and DFE's accounts.

Following the transaction, the number of KRUK S.A. shares registered inOFE's account decreased to 939,056 shares, representing 4.91% of KRUKS.A.'s share capital and conferring the right to 939,056 voting rights,representing 4.91% of total voting rights at KRUK S.A.'s General Meeting.

Also, the number of KRUK S.A. shares registered jointly in OFE's andDFE's accounts decreased to 941,183 shares, representing 4.92% of KRUKS.A.'s share capital and conferring the right to 941,183 voting rights,representing 4.92% of total voting rights at KRUK S.A.'s GeneralMeeting."